FRPH
$20.79-0.34 (-1.61%)
FRP Holdings, Inc.
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Fundamentals
FRP Holdings, Inc. engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and man...
Recent News
FRP Holdings (FRPH) Q3 2025 Earnings Transcript
Net income for the third quarter decreased 51% to $700,000 or $0.03 per share versus $1.4 million or $0.07 per share in the same period last year due largely to $1.3 million of expenses related to the Altman Logistics Properties acquisition, partially offset by higher mining royalties and improved results in Equity in Loss of Joint Ventures. Excluding the acquisition expenses this quarter, adjusted net income was up $281,000 or 21% over last year's third quarter. The company's pro rata share of NOI in the third quarter decreased 16% year-over-year to $9.5 million, primarily due to the onetime minimum royalty payment received in last year's third quarter.
FRP Holdings (FRPH) Q2 2025 Earnings Transcript
The company's pro rata share of NOI in the second quarter increased 5% year-over-year to $9.7 million, mostly driven by higher contributions from our multifamily and mining royalty segments. More specifically, versus the year ago period, the multifamily segment contributed an additional $57,000 of NOI and the mining segment contributed an additional $637,000 of NOI. It is worth noting that our Industrial and Commercial segment NOI decreased by $177,000 year-over-year due mainly to the vacancy and uncollectible revenue as a result of a tenant eviction in Q1 and lease expirations during Q2.
FRP Holdings (FRPH) Q4 2024 Earnings Transcript
FRP uses these non-GAAP financial measures to analyze its operations and to monitor, assess, and identify meaningful trends in its operating and financial performance. Over the last 3 years, we have grown pro rata NOI at a compound annual growth rate of 29.5% on a trailing 12-month basis.
FRP Holdings (FRPH) Q3 2024 Earnings Transcript
For the first nine months, net income saw a 94% increase to $4.7 million or $0.25 per share versus $2.4 million or $0.13 per share for the first nine months of last year. The company's pro rata share of NOI in the third quarter was up 39% to $11.3 million and year-to-date was up 28% to $29 million. The year-to-date increase in NOI was mostly driven by the performance of our Multifamily segment due to improved results at all six of our stabilized multifamily projects versus the same period last year.
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